Should you buy Google stock after the Gemini 1.5 Flash announcement?

Alphabet Inc (NASDAQ: GOOGL) has gained some 30% since its year-to-date low in early March but a KeyBanc analyst is convinced it’s not done pleasing its shareholders just yet.

Google stock could climb to $200

Justin Patterson continues to rate $GOOGL at “buy” and sees upside in it to $200 which translates to another 18% upside from here.

Alphabet announced Gemini 1.5 Flash – its most powerful AI model at its developer conference or Google I/O on Tuesday.

The annual event confirms that Google stock is well-positioned to benefit from rapid growth in artificial intelligence, the KeyBanc analyst told clients in a research note today.

Shares of the tech titan do also pay a dividend yield of 0.47% which makes up for an additional reason to have it in your investment portfolio.

Bank of America is also bullish on $GOOGL

Note that Alphabet Inc did also roll out an enhanced Gemini 1.5 Pro on Tuesday.

All in all, what the announcements indicate is that $GOOGL has the ability to capitalise on AI to improve its products and unlock new streams of revenue.

It is also worth mentioning that KeyBanc is not the only investment firm that’s bullish on Google stock. Justin Post – a Bank of America analyst also reiterated his “buy” rating on the tech stock this week.

The bullish calls on Google shares arrive shortly after the management reported a solid Q1 and announced the company’s first-ever quarterly dividend of 20 cents per share (find out more).